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Today’s market may seem to be improving: distressed sales are down, home prices are up and less needs to be saved to make a down payment, but could these factors ultimately lead to the next housing crisis? Some believe the market may be on the verge of another crisis as it seems to be showing the same signs as were seen in 2005 to 2007, according to an article by Michael Brush for MarketWatch. One of the major factors is the high price for smaller homes, . . .
Banks are taking less down, but homebuyers are also paying more in monthly mortgage payments, according to the article, and incomes are not increasing at the same rate.
TextAgi.com
While some applaud the idea of providing the option to pay less down on a home, could it be a factor that is causing the next recession, and is that recession closer than we think?